Permian Resources Corp (NYSE:PR) has a beta value of 1.25 and has seen 20.05 million shares traded in the last trading session. The company, currently valued at $11.28B, closed the last trade at $14.1 per share which meant it lost -$0.63 on the day or -4.28%% during that session. The PR stock price is -19.01% off its 52-week high price of $16.78 and 29.01% above the 52-week low of $10.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.4 million shares traded. The 3-month trading volume is 10.67 million shares.
The consensus among analysts is that Permian Resources Corp (PR) is Buy stock at the moment, with a recommendation rating of 1.12. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 11 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight.
Permian Resources Corp (NYSE:PR) trade information
Sporting -4.28%% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PR stock price touched $14.1 or saw a rise of 5.75%. Year-to-date, Permian Resources Corp shares have moved -7.63%, while the 5-day performance has seen it change -5.56%. Over the past 30 days, the shares of Permian Resources Corp (NYSE:PR) have changed 8.71%. Short interest in the company has seen 41.83 million shares shorted with days to cover at 4.13.
Wall Street analysts have a consensus price target for the stock at $19, which means that the shares’ value could jump 25.79% from current levels. The projected low price target is $19.0 while the price target rests at a high of $19.0. In that case, then, we find that the current price level is -34.75% off the targeted high while a plunge would see the stock gain -34.75% from current levels.
Permian Resources Corp (PR) estimates and forecasts
The company’s shares have gained 0.93% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 90.07% over the past 5 years. Earnings growth for 2025 is a modest -5.26% while over the next 5 years, the company’s earnings are expected to increase by 7.20%.
PR Dividends
Permian Resources Corp is expected to release its next earnings report on 2025-May-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.51 at a share yield of 3.62%. The company’s dividend yield has gone up over the past 12 months.
Permian Resources Corp (NYSE:PR)’s Major holders
Insiders own 0.74% of the company shares, while shares held by institutions stand at 98.37% with a share float percentage of 99.10%. Investors are also buoyed by the number of investors in a company, with Permian Resources Corp having a total of 685.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 54.34 million shares worth more than $877.59 million. As of 2024-06-30, BLACKROCK INC. held 8.8755% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 50.39 million shares as of 2024-06-30. The firm’s total holdings are worth over $813.73 million and represent 8.2296% of shares outstanding.
